Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by Confluence Investment Management LLC

Confluence Investment Management LLC raised its holdings in Fidelity National Financial, Inc. (NYSE:FNFGet Rating) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 2,437,733 shares of the financial services provider’s stock after buying an additional 47,566 shares during the period. Fidelity National Financial makes up about 1.4% of Confluence Investment Management LLC’s holdings, making the stock its 26th largest position. Confluence Investment Management LLC’s holdings in Fidelity National Financial were worth $90,099,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. grew its holdings in shares of Fidelity National Financial by 5.9% during the first quarter. Avantax Advisory Services Inc. now owns 4,565 shares of the financial services provider’s stock worth $225,000 after buying an additional 256 shares during the last quarter. Lido Advisors LLC boosted its holdings in Fidelity National Financial by 3.3% in the 1st quarter. Lido Advisors LLC now owns 7,938 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 257 shares in the last quarter. Kaizen Financial Strategies boosted its holdings in Fidelity National Financial by 1.7% in the 1st quarter. Kaizen Financial Strategies now owns 15,831 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 272 shares in the last quarter. Sei Investments Co. boosted its holdings in Fidelity National Financial by 1.5% in the 1st quarter. Sei Investments Co. now owns 19,176 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 287 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Fidelity National Financial by 4.5% in the 1st quarter. D.A. Davidson & CO. now owns 7,161 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 311 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Financial news, Director Thomas M. Hagerty sold 13,663 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $40.01, for a total value of $546,656.63. Following the completion of the transaction, the director now directly owns 325,540 shares in the company, valued at approximately $13,024,855.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Fidelity National Financial news, Director Thomas M. Hagerty sold 13,663 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $40.01, for a total value of $546,656.63. Following the completion of the transaction, the director now directly owns 325,540 shares in the company, valued at approximately $13,024,855.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter O. Shea, Jr. sold 13,389 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $40.83, for a total value of $546,672.87. Following the completion of the transaction, the director now owns 200,642 shares of the company’s stock, valued at $8,192,212.86. The disclosure for this sale can be found here. Insiders sold 49,552 shares of company stock worth $2,012,455 in the last ninety days. Insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays lifted their price objective on Fidelity National Financial from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Fidelity National Financial Trading Up 0.8 %

Shares of Fidelity National Financial stock opened at $40.13 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.20 and a quick ratio of 0.20. Fidelity National Financial, Inc. has a 1 year low of $34.59 and a 1 year high of $56.44. The company has a market capitalization of $11.09 billion, a P/E ratio of 5.57 and a beta of 1.37. The business has a 50 day moving average price of $39.32 and a 200 day moving average price of $41.25.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a dividend yield of 4.39%. Fidelity National Financial’s dividend payout ratio is currently 24.41%.

About Fidelity National Financial

(Get Rating)

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty insurance.

Further Reading

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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